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What is 3-way matching and why is it important?

Airbase

In this blog, we’ll delve into the intricacies of three-way matching, exploring what it entails and, most importantly, why it holds such a pivotal role in modern accounting and procurement practices. How 3-way matching works. Benefits of automating 3-way matching. Benefits of automating 3-way matching.

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Balancing automation and compliance in expense reporting

Xero

This guest blog post was written by the team at financial management app, Expensify. Finding the right balance between automation and compliance in any business process can be challenging. On the other hand, automating every aspect of expense reporting without proper checks and balances can potentially result in compliance issues too.

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When AI Stands For ‘Actually Indians’

Going Concern

The story I’m about to share with you is not directly related to the accounting profession however it’s just as relevant in this sector as any because of the principle at work: ‘AI’ isn’t always AI. The post When AI Stands For ‘Actually Indians’ appeared first on Going Concern.

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How do different accounting firms use AI?

ThomsonReuters

Jump to: How many accounting firms use AI? How do the Big 4 use artificial intelligence? How do smaller accounting firms use AI? How does AI impact workflow? This article explores how different accounting firms use AI in their operations to drive efficiency and excellence in their services.

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Unleash the power of tax automation

ThomsonReuters

Regular check-ins, surveys, open forums, and stay interviews help employees feel cared for and valued—as long as firm leaders actually listen to and act on team members’ suggestions. Other strategies that align with the evolving expectations of the workforce include: Empowerment through meaningful work. Work/life balance.

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Managing stress for tax professionals

ThomsonReuters

Automate what you can 3. Nearly 9 in 10 accountants want a better work-life balance, while just over 70 percent would like more help from their organizations to manage mental health, according to ACCA’s Global Trends Survey 2023. Make a personal stress inventory 2. Delegate or outsource where you can 4. Shifting deadlines.

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The new breed of audit

TaxConnex

Usually, you learn about an audit through a notice or letter from the state or jurisdiction in question with instructions on how the audit will proceed. In many ways, virtual audits are just like traditional audits, except audit activity takes place remotely and digitally,” reads the blog of the accounting consultancy Floqast.

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